1. Explain the role of compensation and rewards in an organization. Describe the compensation structure of the organization you are working in or familiar with.
2. Discuss various approaches in designing compensation citing suitable examples. Explain the merits and demerits of competency based and performance based compensation system.
3. Define performance-linked reward system. Explain the various steps involved in designing a performance-linked reward system with suitable example.
4. Explain the factors which have contributed for the emergence of new pay structure. Define and differentiate between bonus and fringe benefits, how are they linked to social security.
5. Explain the definition of wages under various labour legislations. Describe the elements of wages which are common in all the statutory definition. Discuss, how minimum wage differs from need based minimum wage?
Speak Your Mind